Evora Golden Visa €280,000 Investment – Guaranteed Buyback and €49,000 returns

The Carmo Convent Hotel is a historic boutique hotel located in Évora, Portugal. Portugal Golden Visa seekers can invest in the hotel starting with just €280,000. The property is a four-star superior boutique hotel that mixes the region’s rich heritage with modern facilities. The hotel building dates back to 1531, but the interior will be completely refurbished and modernised. The refurbishment will retain all the building’s historic charm while updating the rooms to offer guests an amazing experience that blends contemporary style with historic traditions. 

The refurbishment category hotel will have a total of 51 guest rooms, a spa, a beautiful garden, and a swimming pool, among other facilities. The hotel is within walking distance of all Évora’s major attractions. The hotel will be operated by one of the worlds most prestigious hotel brand Relais & Châteaux. The group operates gourmet restaurants, luxury hotels and villas and now has a total of 580 members in 68 countries on five continents. 

Evora Golden Visa Investment

The developer is raising a total of €27,440,000 from 98 investors who will each be investing €280,000 for fractional ownership of the hotel. The Evora Golden Visa investment offers a guaranteed return of 3.5% upfront return for 5 years equating to €49,000 paid after the first year. Owners can also reserve a room for up to 4 weeks a year: one week during high season, one week during the medium season, and two weeks during low seasons.

The Buyback

The Evora Golden Visa asset will be sold between the 7th to 9th year of investment ensuring that investors have enough time to go through the Golden visa application process, maintain their investment for 5 years and acquire citizenship before selling.

The developer will contract a brokerage company (like CBRE, JLL, etc) to promote an International Selling Process, targeting the type of investors (family offices, Funds, etc.) that have appeal for this type of product (operating Hotel, with 4-5 years of op, good revenue, good location, etc.)

Upon asset sale, between the sixth and seventh year, 50% of the added value from the sale would be divided between the 98 investors while the other 50% would go to the developer. The target minimum value for hotel sales at the exit is €30 million which would generate an upside of at least €2.5 million. According to this forecast, investors hotel shares will grow to be at least €306,000 at the exit.

Developer

The developer is an international real estate investment firm that specializes in co-ownership projects that are Golden Visa eligible. The team has extensive experience in real estate projects with both owners and buyers. The developer aims to provide clients with a unique real-estate experience through co-ownership of low threshold investments eligible for the Portuguese Golden Visa.

Location – Evora Golden Visa

Évora is one of Portugal’s top tourist destinations and is a city that is older than Portugal itself. With historic remains from Celtic, Roman, and Moorish cultures, this city is a true representation of Portugal’s rich and diverse history. The city is a very popular domestic tourism destination and is home to one of the countries best universities.

Évora has been a UNESCO World Heritage member since 1986. Medieval walls surround the city, and many relics remain from different periods throughout Portugal’s history. One of the oldest is the Diana Temple, an ancient Roman temple. 

The city is 90 minutes from Lisbon, Portugal’s capital, and two and a half hours from Faro, southern Portugal’s urban center. 

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